Cardamom futures edge higher on strong demand

Cardamom futures traded higher on MCX as speculators enlarged their positions driven by strong demand in the spot market against restricted arrivals from the major producing belts. Further, firm export demand too supported cardamom price uptrend. The contract for April delivery was trading at Rs 949.00, up by 0.48% or Rs 4.50 from its previous closing of Rs 944.50. The open interest of the contract stood at 449 lots. The contract for May delivery was trading at Rs 915.30, up by 0.64% or Rs 5.80 from its previous closing of Rs 909.50. The open interest of the contract stood at 3213 lots on MCX.